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Shandong industrial added value rises in first 8 months

2017/9/30 16:46:30   source:sdchina.com

The added value of industrial enterprises above the designated size in Shandong achieved a cumulative increase of 7 percent in the first eight months, 0.3 percent higher than the national level, according to a news conference held Friday. The investment in fixed assets grew by 8.4 percent, 0.6 percent higher than the national average.

At the conference, Wang Xin, deputy director of Shandong Economic and Information Technology Committee gave a briefing about the overall situation of provincial economic and information development. Shandong’s industrial fundamentals maintain solid. From January to August, the added value of 33 industries out of 41 realized a year-on-year growth, maintaining the high level in the past two years. Of the 120 major products, 64 of them increased compared to last year. 71.5 percent of industrial enterprises above the designated scale, 28506 companies, increased in added value.

In terms of market supply and demand, producer prices for manufactured products rebounded significantly. Shandong achieved a year-on-year growth of 5.3 percent in producer prices for manufactured products in August, one percent higher than that in July. The prices rose again after five months of adjustment.

Backbone enterprises play a key role in the growth of the provincial economy. The year-on-year growth of large and medium-sized industrial enterprises in Shandong reached 7.6 percent in added value, 0.6 percent higher than other industrial companies. The added value of top 100 enterprises surged 20.5 percent, up 8 percent on other designated enterprises.

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Sponsor:Information Office of Shandong Provincial People’s Government